← The retail cost of a TV is 10% more than its wholesale cost. Therefore, the retail cost is The retail cost is times the wholesale cost.

Question

asked Nov 17, 2023 118k views

1 Answer

Adam Musa · Answer 1 · 2023-11-23T10:23:35+0000

Answer:

1.1

Explanation:

You want the multiplier of the wholesale cost that makes the retail cost be 10% more.

The retail cost is said to be ...

retail cost = (wholesale cost) + 10% × (wholesale cost)

= (wholesale cost) × (1 +10%)

= (wholesale cost) × 1.10

The retail cost is 1.10 times the wholesale cost.